The markets rallied this week, despite more than 16 million people losing their jobs during the COVID-19 pandemic. Specifically, the S&P rose 12.1%… its best week since 1974. The Nasdaq went up 10.6% and the Dow an astounding 12%. There are many individual stocks that went up this week. Let’s take a look at five with large percentage gains over the past five days.
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The markets were closed for Good Friday, but that didn’t seem to matter. President Trump tweeted, “This week, in only 4 days, we had the biggest Stock Market increase since 1974. We have a great chance for the really big bounce when the Invisible Enemy is gone!”Â
5 Stocks That Rose the Week Before Easter Sunday
Independence Contract Drilling Inc. (NYSE: ICD)
Last: $6.25
5-Day Percentage Change: +285.80%
5-Day Price Change: +$4.63
5-Day High: $13.00
5-Day Low: $1.43
Ellington Financial Inc. (NYSE: EFC)
Last: $11.04
5-Day Percentage Change: +169.27%
5-Day Price Change: +$6.94
5-Day High: $11.83
5-Day Low: $3.68
Akers Biosciences (Nasdaq: AKER)
Last: $5.13
5-Day Percentage Change: +163.08%
5-Day Price Change: +$3.18
5-Day High: $8.85
5-Day Low: $1.85
Exantas Capital Corp. (NYSE: XAN)
Last: $3.48
5-Day Percentage Change: +116.15%
5-Day Price Change: +$1.87
5-Day High: $4.74
5-Day Low: $0.95
Pluristem Therapeutics Inc. (Nasdaq: PSTI)
Last: $6.97
5-Day Percentage Change: +111.85%
5-Day Price Change: +$3.68
5-Day High: $8.59
5-Day Low: $3.09
Is the Market Downturn Over?
We hope this list of stocks that went up this week is a sign of better days ahead. The markets certainly have rallied as of late. However, many investors feel the downturn is not over yet.
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[adzerk-get-ad zone="245143" size="4"]About Ben Broadwater
Ben Broadwater is the Director of Investment U. He has more than 15 years of content creation experience. He has worked and written for numerous companies in the financial publishing space, including Charles Street Research, The Oxford Club and now Investment U. When Ben isn’t busy running Investment U, you can usually find him with a pair of drumsticks or a guitar in his hand.
